EUR/JPY halts its four-day winning streak, trading around 177.70 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is consolidating between short-term support and medium-term resistance. The currency cross holds just above the nine-day Exponential […]
Market Overview Asian foreign exchange markets are showing mixed performance, with the Australian dollar leading regional currencies higher while the Indian rupee records the sharpest decline among the reported movers. The Australian dollar has gained 0.38%, followed by the South Korean won, up 0.10%. Meanwhile, the Indian rupee has fallen 0.37%, while the Chinese yuan […]
The Japanese yen remains under pressure near 158.2 per US dollar as slower export growth and Japan’s persistent interest-rate disadvantage limit the currency’s recovery. Exports increased for a 13th consecutive month in September, supported by demand for semiconductors and artificial intelligence-related products, but the pace of growth was the weakest since April and fell short […]
The EUR/JPY cross trades with mild losses near 177.70 during the early European trading hours on Tuesday. The Euro (EUR) weakens against the Japanese Yen (JPY) as street riots in France raise concerns over political stability. Zew Surveys from Germany and the Eurozone will be released later on Tuesday. Also, European Central Bank (ECB) policymaker […]
Asian currencies are showing mixed but modestly positive momentum, with the South Korean won rising 0.40% to lead regional gains and the Chinese yuan advancing 0.06%. The Japanese yen remains little changed, highlighting differences in investor sentiment and the factors influencing each currency. The won’s advance puts it at the forefront of the latest regional […]
The Japanese yen is hovering around 158.5 per US dollar, struggling to recover despite hawkish remarks from Bank of Japan (BOJ) Governor Kazuo Ueda. While underlying inflation is approaching the central bank’s 2% target, supported by a moderate economic recovery and tight labour market conditions, the yen continues to face pressure from interest-rate differentials and […]
The AUD/JPY cross attracts some follow-through buyers for the second straight day on Monday, recovering further from an eight-month low, around the 108.65-108.60 region, touched last week. Spot prices climbed back above the 110.00 psychological mark during the Asian session amid a combination of supporting factors. The Australian Dollar (AUD) gets a minor lift in […]
EUR/JPY appreciates after opening at a bearish gap, remaining in negative territory and trading around 177.50 during Asian hours on Monday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias. The EUR/JPY cross is maintaining a capped tone as it holds below the […]
The Japanese yen is trading around 158 per US dollar, with limited movement as investors weigh a mildly hawkish message from Bank of Japan Governor Kazuo Ueda against concerns about Japan’s public debt and fiscal outlook. Ueda’s assessment that underlying inflation is approaching the central bank’s 2% target reinforces the possibility of further monetary policy […]
The USD/JPY pair loses ground to near 157.85 during the early European trading hours on Friday. Hawkish hints from Bank of Japan (BoJ) policymakers provide some support to the Japanese Yen (JPY) against the US Dollar (USD). BoJ board member Junko Koeda said on Thursday that the central bank should not become overly cautious about […]